Mapletree reported to be selling HK office property for HK$8.6b

Singapore

MAPLETREE Investments is said to have sold Mapletree Bay Point, its prime office property in Hong Kong, to private equity firm PAG for HK$8.58 billion (S$1.48 billion).

A report by real estate intelligence firm Mingtiandi said the property was put on market some seven months ago, and that this transaction is expected to close in March or April.